New York-based General Intuition is in talks to raise funding at a $6 billion pre-money valuation from new investors including Valor Equity Partners, Point72 Ventures, and Seven Seven Six. Existing backers such as Khosla Ventures and General Catalyst are also participating in the round. This news confirms earlier reporting on the deal for what is becoming one of the hottest startups tackling physical AI.
CEO Pim de Witte spun out General Intuition last October from his video game clip-sharing platform Medal, using its hundreds of millions of hours of gameplay and action labels as an initial dataset. Investor Vinod Khosla recently told TechCrunch that he believes those action labels will be a key part of the emergence of intuition, or the ability for a model to truly generalise across tasks that it was not explicitly trained on. The company intends to use the funds to improve its general model with a focus on robotic embodiments. That means spending more on compute infrastructure and hiring more talent.
- Valor Equity Partners is known for backing SpaceX.
- General Intuition has a partnership with neolab CoreWeave.
- The round is oversubscribed as the startup continues to field interest from investors.
